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CRYPTO INSIDER: Central bankers claim bitcoin could break the internet

Graham Rapier   

CRYPTO INSIDER: Central bankers claim bitcoin could break the internet
Stock Market2 min read

Bank of International Settlements head Agustin Carstens.

REUTERS/Carlos Jasso

Bank of International Settlements head Agustin Carstens.

Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

The Bank of International Settlements on Sunday said bitcoin is "a poor substitute for the solid institutional backing of money." But critics in the crypto world say they're missing the point, and that bitcoin and other cryptocurrencies are still in development and shouldn't be judged just yet. Here's what you need to know.

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